Finovate Alumni News

On Finovate.com

  • The ID Co. Lands $2 Million.
  • Finastra Inks New Bank Partners for its Blockchain-Based Lending Platform.
  • ClickSWITCH Raises $13 Million in Series B.
  • masterqueue Closes First Round of Funding.

Around the web

  • Fintech Switzerland lists additiv, finhorizon, and clevercircles on list of wealthtechs offering more than just roboadvisory.
  • Forbes on how Tradeshift is fighting modern day slavery.
  • Mint Life names FamZoo on list of apps to teach kids about money.
  • IBS Intelligence features CustomerXPS’ Clari5 in its latest report.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Instarem Raises Capital; TurnKey Lender Goes Live in Malaysia

Finovate Global is our weekly look at fintech innovation in developing economies in Asia, Africa, the Middle East, Latin America, and Central and Eastern Europe.

Asia-Pacific

  • TurnKey Lender opens new office in Malaysian capital, Kuala Lumpur.
  • Instarem raises $41 million to fund global expansion.
  • Singapore FinTech Association and FinTech Australia ink Memorandum of Understanding.

Sub-Saharan Africa

  • Nigerian online lender OneFi to acquire Nigerian payment solutions company Amplify.
  • Finextra features its list of the top South African fintech startups to look out for in 2019.
  • Born2Invest highlights the fintechs in Africa’s emerging startup industry.

Central and Eastern Europe

  • Tinkoff Mobile, a subsidiary of Tinkoff Bank, announces service in six new regions.
  • CEE fintech watchers are keeping an eye on the pending launch of the “first bank for the Russian Internet” VR_Bank.
  • Vienna, Austria-based fintech Bitpanda adds its first stablecoin, Tether, introducing the new asset class on its trading platform.

Middle East and Northern Africa

  • Egypt’s central bank sets aside $58 million to fund fintech startups in the country.
  • Arabian Business looks at the continued dominance of cash in Saudi Arabia, despite the growth of the country’s fintech sector.
  • ZDNet reviews how new technologies like AI and automation represent challenge and opportunity for countries in the MENA region.

Central and South Asia

  • Wipro launches its AI and machine learning-powered accounts payable, KYC, and other solutions on Amazon Web Services.
  • Sri Lanka’s Bank of Ceylon goes live with Clari5 Anti-Money Laundering (AML) Solution to address money laundering threats.
  • Fintech Futures looks at Indian micro lending startup, Spoon, as it prepares to go live.
  • PakWired reviews the likelihood that Pakistan will legalize cryptocurrencies by the end of the year.

Latin America and the Caribbean

  • Analysts cast a wary eye at new cryptocurrency regulations from the Bank of Mexico.
  • Bob’s Guide features a deep dive into the evolving Brazilian payments market.
  • New Cayman Islands-based fintech consulting firm, Cartan Group, opens for business.

Top image designed by Freepik

Finovate Alumni News

On Finovate.com

  • ACI Worldwide Partners with Solutions by Text.
  • Envestnet to Acquire PIEtech for $500 Million.

Around the web

  • Prepaid Technologies Acquires Dash from Karmic Labs.
  • Switch launches its issuer-branded CardUpdatr app.
  • Kinetica unveils its active analytics platform that makes it easier to deliver smart analytics applications at scale.
  • Forbes interviews co-founder and CEO of Onfido, Husayn Kassai.
  • Tinkoff Mobile, a subsidiary of Tinkoff Bank, announces service in six new regions.
  • DocuSign launches its DocuSign Agreement Cloud to help companies better manage business agreements digitally.
  • Capsilon announces the beta launch of its digital underwriter solution.
  • AlphaPoint adds DiamondBack stablecoin to its crypto exchange.
  • Sri Lanka’s Bank of Ceylon goes live with Clari5 Anti-Money Laundering (AML) Solution to address money laundering threats.
  • PYMNTS: Amazon and Worldpay team up on one-click commerce.
  • NetGuardians‘ AI fraud-prevention software available on Microsoft Azure.
  • TurnKey Lender signs partnership agreement with Refinitiv.
  • MX and Personetics partner to bring AI-driven insights to financial institution customers.
  • ICBA and Jack Henry’s ProfitStars expand preferred service provider program with remote deposit capture solutions.
  • Insuritas and Oregon Mutual announce partnership to offer auto and home insurance solutions through meta-agency platform.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News

On Finovate.com

  • Check out a sneak peek of Topicus.Finance’s upcoming demo at FinovateAfrica.
  • Launchfire Launches StepDemo to Enhance Employee Training.
  • Poland’s Braintri Merges with iCompass.

Around the web

  • Xero teams up with Absa Bank to improve access to financing for South African SMEs.
  • TransferWise opens its API.
  • Fenergo introduces new Client Lifecycle Management: Front to Middle Office Transformation app on Salesforce AppExchange.
  • Mortgage Cadence adds to its Enterprise Lending Center loan origination platform courtesy of a partnership with MGIC.
  • Tinkoff Bank enables its iOS-using customers to buy concert and theatre tickets via its mobile app.
  • ThetaRay CEO Mark Gazit appointed to the International Technology Advisory Panel of the Monetary Authority of Singapore.
  • Klarna forges partnership with weighted blanket developer, Gravity Blanket.
  • Temenos announces Technology Partner Agreement with distributed SQL database provider, NuoDB.
  • Aqubix, Behaviosec, CustomerXPS, ElectronicID, GreenKey, IdentityMind, Jumio, NICE, Onfido, Payfone, SecuredTouch, Sedicii, Trulioo, and Trunomi honored on RegTech 100 list.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Global: Fintech News from the Periphery

As Finovate goes increasingly global, so does our coverage of financial technology. Finovate Global: Fintech News from the Periphery is our weekly look at fintech innovation in developing economies in Asia, Africa, the Middle East, Latin America, and Central and Eastern Europe.

Africa

  • TechCrunch profiles Africa-focused microlender, Branch, which recently picked up an investment of $70 million.
  • IT News Africa takes a look at the demand for “senior leaders” in Africa’s growing fintech industry.
  • International money transfer firm PaySend partners with Access Bank Nigeria

CEE

  • Polish Financial Supervision Authority signs MoU with Hong Kong Monetary Authority to encourage fintech collaboration.
  • U.K.-based cross border payments company Ebury opens first office in Bucharest, Hungary. (In Hungarian.)
  • Crowdfundinsider notes the surge in number of registered fintechs in Lithuania courtesy of report from Invest Lithunia.

Asia

  • ayondo celebrates being the first fintech to list in Singapore.
  • Sri Lanka’s largest bank, Bank of Ceylon, to deploy anti-money laundering solution from CustomerXP.
  • Central Bank of Malaysia establishes open API implementation group to develop standards for financial sector.

MENA

  • World Finance Magazine awards Temenos Best Islamic Banking & Finance Software Solution at 2018 Islamic Finance Awards.
  • RAKBANK, also known as The National Bank of Ras Al Khaimah, launches contactless cash withdrawal facility for its more than 170 NFC-enabled ATMs.
  • Dubai International Financial Centre (DIFC) signs MoU with Middle East Venture Partners to support development of the area’s capital technology ecosystem.

LATAM

  • Nubank Challenges Brazil’s Big Banks in Wake of $150 Million Funding Round.
  • Mexico enacts legislation to regulate its fintech sector.
  • Colombian roboadvisor Ualet wins honors as Latin America’s Most Innovative Startup at industry event sponsored by Finnovista.

Top image designed by Freepik

Finovate Alumni News

On Finovate.com

  • TESOBE’s Open Bank Project Powers API for Forty Seven Bank.
  • TD Bank to Deploy nCino’s Bank Operating System.
  • Malauzai to Power Mobile Banking Tech for Axiom.
  • Endor Raises $45 Million in ICO.

Around the web

  • ayondo celebrates being the first fintech to list in Singapore.
  • TD Bank leverages nCino’s Bank Operating System across corporate and commercial lending divisions.
  • CustomerXPs‘ Clari5 to power real-time AML solution for Bank of Ceylon.
  • PayActiv appoints COO.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News

On Finovate.com

  • Fidelity Partners with Coinbase on View Balance Feature
  • PayPal Strengthens Lending Arm with Swift Financial Acquisition.
  • With $100 Million in Fresh Funding, Coinbase Joins Unicorn Club

Around the web

  • Mambu to power lending products of Fuse, the lending arm of Filipino financial technology firm Mynt
  • Central Payment Announces Partnership with CardFlight to Offer SwipeSimple Mobile POS to Merchants.
  • CustomerXPs positioned again as Enterprise Solution in 2017 Chartis RiskTech Quadrant for Enterprise Fraud Technology
  • FutureVault appoints new Chief Revenue Officer, Trevor Marshall.
  • Karmic now powers Lowe’s PreLoad prepaid payment and expense management technology.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News

On Finovate.com

  • Wells Fargo and Finicity Sign Data Aggregation Partnership. Check out Finicity’s recent presentation from FinDEVr 2017 New York.
  • SwipeStox Lands $13 Million, Hints at Asia Expansion.

Around the web

  • Tradeshift teams up with CreditEase to provide low-cost, trade financing to Chinese SMEs.
  • FICO unveils FICO Origination Manager Essentials to accelerate loan decisioning.
  • Market EarlyBird selected to participate in HM Government’s first International Fintech Conference in London in April.
  • VASCO appoints Jeff Cole as Chief Information Officer.
  • Datanami interviews MapD CEO and Co-Founder Todd Mostak.
  • Finland-based OP Financial Group partners with Token to develop new fintech solutions.
  • Celent awards IndusInd Bank for its CustomerXPS-powered solution that has revolutionized fraud and AML management within the bank.
  • Connect JIRA with process mining software from myInvenio.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News

On Finovate.com

  • “Finovate Debuts: Test Driving iBank Marketing’s Wallet+””
  • “Fintech Trending: Making Fintech Great Again?”

Around the web

  • LendingTree acquires credit card comparison and education provider, CompareCards.
  • Fiserv adds new UX and UI to its Unified Wealth Platform.
  • Featurespace earns ranking in Deloitte 2016 U.K. Technology Fast 50.
  • Forrester Research names Vantiv a leader in its report on global commerce payment providers.
  • The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) grant Turnkey Lender a fintech award in the SME category.
  • CustomerXPs ranked 31 on the Deloitte Technology Fast 50 India 2016.
  • LiftForward lands $100 million in debt capital.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

New Liquidity Compliance Tool from CustomerXPs

Screen Shot 2016-08-24 at 10.04.15 AM

Real-time banking support company CustomerXPs recently made a move to help banks in the UAE maintain compliance with new liquidity regulations.

While the new launch is a mouthful—Clari5 Real-time Intraday Liquidity Monitoring Solution—it is self-explanatory. The product will help banks in the UAE mitigate intraday liquidity risk and comply with the 240 regulation from the Basel Committee on Banking Supervision (BCBS). The new regulation mandates that by January 2017 banks must provide information for regulators and supervisors to ensure they can meet payment and settlement obligations throughout the day.

The new tool from CustomerXPs offers liquidity-trend analysis and automated alerts to help banks manage liquidity risk. The company’s CEO Rivi Varghese describes the tool as a “bolt-on system that leverages existing investments and processes … with a low infrastructure footprint.”

Founded in 2006, CustomerXPs debuted Paperless Branch Banking at FinovateAsia 2013. Last month the Bangalore-based company partnered with Kris Finsoftware to launch fraud management for banks in Asia Pacific. For more Asia-focused fintech, check out FinovateAsia this fall in Hong Kong.